I've read that Jersey is a fiscal heaven, i'm wondering (no trolling) if fund like GABI can be used for somehow dumping bitcoins for tax free cash instead of buying like everyone seems to be expecting.
Who's gonna buy when someone is gonna dump? i can only guess: you buy cheap off exchange, say china, then you sell there. edit: on second tought i see your point...still looks to me it could be a price race to the downside |
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I've read that Jersey is a fiscal heaven, i'm wondering (no trolling) if fund like GABI can be used for somehow dumping bitcoins for tax free cash instead of buying like everyone seems to be expecting.
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When governments start seizing bank accounts to help fund socialist utopias, more people will start to flock elsewhere.
And when banks start refusing people to transfer fiat to Bitcoin exchanges, how can people buy Bitcoins? if people wants to buy (which we will see in the future) banks can't do anything to avoid it, because in doing so they will paint themselves as evil and will be easily substituded with a more friendlier bank. If the latter is not yet born, it will. I think the banks war on bitcoin will be made mostly over propaganda |
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If a whale can make some money by moving the market with his large holdings, what is wrong with it?
By knocking it down too much. They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!! The problem is that they don't talk to each other, don't coordinate with each other, and don't even trust each other. If one of them sells, the others have no way of knowing if he's trying to crash the market, or just buying another Lamborghini. i agree they probably don't trust each other, but by means of blockchain analysys it should be pretty easy for them to contact each other, they just need to find big wallets and contact them with their own big wallet. The protocol allows for this kind of messaging and once they know they are in the same boat (yacht in that case) it could become logic to not fight to each other, in that case trust should matter less than one may think |
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adam post (or pm) your address i'd like to buy you a beer
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markets like openbazaar could do it, because adoption without adequate transactions is like a brain without enough neurotransmitters
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for a dump it did not drag many sellers with it..
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Bye bye bottom, will keep hold those seashells as souvenir  |
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i was about to answer in this thread, but then i realized that someone quoted you and others quoted that one who quoted you.
therefore it must be a ponzi, i should not post here
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You often can tell good advices from bad ones from the simple fact that the latters comes almost always with insults or fear inducing clues like "cut losses now or lose everything".
Good advices are seldom trying to force you do anything but rather try to reason you by means of logic.
You don't know the good advice from the bad until it is too late. Tell that to the OP. He's in panic and about to sell. |
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You often can tell good advices from bad ones from the simple fact that the latters comes almost always with insults or fear inducing clues like "cut losses now or lose everything".
Good advices are seldom trying to force you do anything but rather try to reason you by means of logic.
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Bitfinex altered the regular offer/demand equilibrium by tweaking the trading algorithm, it was granted that market, by means of someone more clever than them, found a way to exploit it. They also declared they're constantly changing it, i guess out of fear, but it seems market is adapting faster than they could handle. In another thread ( https://bitcointalk.org/index.php?topic=737507.msg8335904#msg8335904) i guessed that August could be the right month to perform a cheap(er) manipulation. But a question now arise, who actually have: - the statistical knowledge to determine the right moment to perform (which include near perfect market statiscal mapping and geolocalization of users and their trading habits) - a valid reason to do it - the economic power to perform My guess is another exchange, or a cartel of them. |
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We are going sideway under the critical price of 528 (bfx) that triggered yesterday margin calls. I was somehow expecting as an outcome a bigger crash in terms of volume and way less longs left open. Obviously bfx modulated the crash but i'm wondering if they can now sustain trading in this "artificial" range because it looks to me that just going sideway from now should trigger calls every day.
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I think that's a rational and simple way to look at it, but in my own estimations, the chances for success are much higher.
This price down-turn is necessary, which is why, as a holder, I find myself smiling this morning. I don't think it's over either. Hold on to your asses! Once we get this out of the way, the chains are off. No more excessive leveraged positions holding us in place, and a lot of people acting irrationally, while the biggest bulls just lost their positions and watch the train leave the station. Panic.
You guys asked for wall street to get in on bitcoin, I don't think you knew what you were wishing for. They are here, right now, they are about to shake you down for all your coins, because the window of opportunity is closing. Lock those coins up folks. Put your straight jacket on if you need to.
Agreed 100%. Wall street is selling and buying back their own coins to depress price by taking advantage of delusion sentiment about the missed bubble. Also August is perfect for the above manipulation because there's statistically less people trading on exchanges, this means that said manipulation is also cheaper to achieve. What do you think is special about August that makes people be less active on exchanges? I have read some people attributing that to it being the Summer months, and people are doing other things than sitting in front of a computer. But when you think about it though...it is always Summer somewhere in the world... Mind you, i'm answering a question about a guess i made, therefore i must stay in "guess space"  In my probably wrong opinion bitcoin exchange market has been statistically mapped by "big players" since 2011 by analyzing (and correlating) factors like timestamps of market events and relative intensity, geolocalization of such events where possible and also obfuscation of emerged patterns by deliberate production of statiscal noise to make analysis harder to smaller analysts. It *could* be that the northern hemisphere, and in more details big cities in europe/usa/asia, emerged in said analysys like big players in bitcoin market. If that chain of dumb guesses made any sense, August is the right month to achieve a cheap manipulation. Keeping on guessing it looks to me that once market milking is done it make sense to reach september, where statistical market pressure gains normality and above, with exchanges price more aligned to hypotetical nominal values. Well over 700 near the end of August is my guess, with strong acceleration just the last days. I also think the above manipulation will lead to a bubble whose apex, where most of traders will sell hoping to buy back lower, will coincide to another big one (etf maybe) which will haircut a lot of gamblers. |
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Spot on Blitz, congrats.
I'm wondering if those "protection measures" they took on bitfinex are some kind of forced delay between single margin calls (maybe frozing for some minutes next one to be margin called), to let arbitrage bots apply buy pressure and level the price
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I think that's a rational and simple way to look at it, but in my own estimations, the chances for success are much higher.
This price down-turn is necessary, which is why, as a holder, I find myself smiling this morning. I don't think it's over either. Hold on to your asses! Once we get this out of the way, the chains are off. No more excessive leveraged positions holding us in place, and a lot of people acting irrationally, while the biggest bulls just lost their positions and watch the train leave the station. Panic.
You guys asked for wall street to get in on bitcoin, I don't think you knew what you were wishing for. They are here, right now, they are about to shake you down for all your coins, because the window of opportunity is closing. Lock those coins up folks. Put your straight jacket on if you need to.
Agreed 100%. Wall street is selling and buying back their own coins to depress price by taking advantage of delusion sentiment about the missed bubble. Also August is perfect for the above manipulation because there's statistically less people trading on exchanges, this means that said manipulation is also cheaper to achieve. What do you think is special about August that makes people be less active on exchanges? I have read some people attributing that to it being the Summer months, and people are doing other things than sitting in front of a computer. But when you think about it though...it is always Summer somewhere in the world... Mind you, i'm answering a question about a guess i made, therefore i must stay in "guess space" In my probably wrong opinion bitcoin exchange market has been statistically mapped by "big players" since 2011 by analyzing (and correlating) factors like timestamps of market events and relative intensity, geolocalization of such events where possible and also obfuscation of emerged patterns by deliberate production of statiscal noise to make analysis harder to smaller analysts. It *could* be that the northern hemisphere, and in more details big cities in europe/usa/asia, emerged in said analysys like big players in bitcoin market. If that chain of dumb guesses made any sense, August is the right month to achieve a cheap manipulation. |
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I think that's a rational and simple way to look at it, but in my own estimations, the chances for success are much higher.
This price down-turn is necessary, which is why, as a holder, I find myself smiling this morning. I don't think it's over either. Hold on to your asses! Once we get this out of the way, the chains are off. No more excessive leveraged positions holding us in place, and a lot of people acting irrationally, while the biggest bulls just lost their positions and watch the train leave the station. Panic.
You guys asked for wall street to get in on bitcoin, I don't think you knew what you were wishing for. They are here, right now, they are about to shake you down for all your coins, because the window of opportunity is closing. Lock those coins up folks. Put your straight jacket on if you need to.
Agreed 100%. Wall street is selling and buying back their own coins to depress price by taking advantage of delusion sentiment about the missed bubble. Also August is perfect for the above manipulation because there's statistically less people trading on exchanges, this means that said manipulation is also cheaper to achieve. |
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+1 here going down with the ship, gentleman it's been a pleas.... ...
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Meanwhile discus fish, chinese mining pool, is (not so) slowly but steadily growing. Soon they will be n°1, i wonder how sensible they will be to 51% attack issues... Flip your bitcoin and watch, good chances you'll read "made in china"  |
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